Supply@ME Capital signs SPA with TradeFlow Capital Management

By Megha Bhattacharya

Supply@ME Capital has announced that it has signed a Share Purchase Agreement to acquire the entire issued share capital of TradeFlow Capital Management Pte. Ltd, the Singapore-based FinTech-powered commodities trade enabler focused on SMEs. The acquisition will enable SYME to further enhance its Platform, delivering a global inventory monetisation service, including the monetisation of both inventory “in-transit” (in particular, commodities), and warehouse goods. The company intends to fund the initial cash component of the transaction from an investment of fresh capital being finalised with a group of new institutional investors.

Alessandro Zamboni, Chief Executive, Supply@Me Capital PLC, commented, “We are pleased to reach this next milestone for the Company with the signing of the Share Purchase Agreement with TradeFlow. We have been continually impressed by the quality of the business that Tom and John have built, having established themselves as a respected funder for inventory in transit, particularly among SME-sized businesses. By bringing TradeFlow into the Supply@ME stable, we will have an offering for the supply chain sector which surpasses anything available globally, with vast opportunities to create even more value for our investors.”

Recently, Supply@ME Capital announced that it has signed a formal business alliance with Italian FinTech marketplace Epic SIM for inventory funding and client company origination. The alliance is expected to create a new sales channel for the Company, including client company origination and inventory funding. Epic will also perform part of the due diligence process in a bid to increase the scalability and efficiency of Supply@ME’s onboarding process. The alliance will be targeting 75 client companies that originate by the end of 2020 and around 250 during 2021.

John Collis, Chief Risk Officer and Co-Founder of TradeFlow Capital, commented, “Signing the SPA with Supply@ME brings us to the next phase of TradeFlow’s growth. The economic and physical challenges throughout the pandemic have left many businesses with – even if it is a cliché to say so – an unprecedented set of supply chain issues for goods on the move. We look forward to joining forces with Alessandro and his team in due course, and improving the working capital position of even more businesses with the backing of Supply@ME.”

Tom James, Chief Executive Officer and Co-Founder of TradeFlow Capital, added, “Our non-credit approach to enabling physical commodity import/export transactions is unique in the trade finance hedge fund world, as is Supply@ME’s approach to inventory monetisation for manufacturing and trading businesses. The combination of the expertise in TradeFlow Capital and Supply@ME, will broaden our shared geographic footprint and create a global digitised offering which will create a number of benefits from both a funding, technology and customer origination perspective. We look forward to the close of the transaction in due course.”